ESM Clarifies IMF Should Contribute in Greek Program’s Funding

Tuesday, January 31st, 2017
Last Update: 19:10

The European Stability Mechanism (ESM) issued a clarification on a report published in Reuters on Tuesday, in which Director General Klaus Regling was quoted as saying that the International Monetary Fund (IMF) did not have to contribute with funds in Greece’s program and could remain as an adviser.

“On reports on IMF role in Greece: ESM MD Regling is very clear that the IMF should stay fully engaged in Greece, also financially,” the organization tweeted.According to the Reuters story, Regling also said Greece will only receive more loans from the eurozone if the IMF joins its latest aid program.

(source: ana-mpa)

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